Directions: Match the vocabulary term to its definition.
Definitions:
1. _____ trading
2. _____ an economy with government control and government
decision-making
3. _____ a private citizen developing a business based on supply and
demand
4. _____ the operation of a business without control from the
government
5. _____ an economy based on supply and demand
6. _____ a goal of a certain amount of a good or service to be
produced in a certain timeframe.
7. _______ producing only what is needed for personal survival
8. _____ a simply economy operated through tradition and bartering
9. _____ money paid to a worker
Vocabulary Terms:
a. traditional economy
b. wage
c. free enterprise
d. command economy
e. production quota
f. subsistence
g. market economy
h. entrepreneurship
i. bartering
Directions: Highlight or shade in the CORRECT trait(S) of a market economy. Draw an X over
the INCORRECT trait(s).
© Sarah Miller Tech
Economic Systems: The Middle East
Market Economy
DICTATOR
ENTREPRENEURS
FREE
ENTERPRISE
BARTERING TRADITIONS
SUPPLY
& DEMAND
GOVERNMENT
HEAVY
Correct traits of a market economy:
- Entrepreneurs
- Free enterprise
- Supply and demand
Incorrect traits of a market economy:
- Dictator
- Bartering
- Traditions
- Government heavy